Invesco QQQ (NASDAQ:QQQ) is Hudock Inc.’s 7th Largest Position

Hudock Inc. cut its stake in Invesco QQQ (NASDAQ:QQQ) by 0.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 42,284 shares of the exchange traded fund’s stock after selling 259 shares during the period. Invesco QQQ comprises about 3.8% of Hudock Inc.’s holdings, making the stock its 7th largest holding. Hudock Inc.’s holdings in Invesco QQQ were worth $21,617,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. MGB Wealth Management LLC boosted its holdings in Invesco QQQ by 9.0% in the fourth quarter. MGB Wealth Management LLC now owns 27,991 shares of the exchange traded fund’s stock valued at $14,323,000 after purchasing an additional 2,312 shares during the period. Beckerman Institutional LLC purchased a new position in Invesco QQQ in the fourth quarter valued at $219,000. Prairieview Wealth Partners LLC acquired a new stake in Invesco QQQ in the fourth quarter valued at $452,000. MTM Investment Management LLC raised its stake in Invesco QQQ by 10.1% in the fourth quarter. MTM Investment Management LLC now owns 1,276 shares of the exchange traded fund’s stock valued at $653,000 after buying an additional 117 shares in the last quarter. Finally, Tranquility Partners LLC raised its stake in Invesco QQQ by 5.0% in the fourth quarter. Tranquility Partners LLC now owns 3,177 shares of the exchange traded fund’s stock valued at $1,637,000 after buying an additional 150 shares in the last quarter. 44.58% of the stock is currently owned by hedge funds and other institutional investors.

Invesco QQQ Stock Performance

Invesco QQQ stock opened at $528.30 on Thursday. Invesco QQQ has a 1-year low of $413.07 and a 1-year high of $539.15. The stock’s fifty day moving average is $521.76 and its two-hundred day moving average is $496.86.

Invesco QQQ Dividend Announcement

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $0.8347 dividend. The ex-dividend date was Monday, December 23rd.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.